Peter Phelps' bankrupt adviser charged with fraud

The bankrupt businessman actor Peter Phelps accused of stealing his retirement savings has today faced court on fraud charges involving the loss of close to $10 million in clients' money.

Bradley Thomas Sherwin, of Everton Hills, Queensland was charged on 33 counts of dishonesty involving the self-managed superannuation funds of clients between May 2009 and December 2012.

Sherwin was also charged with one count of dishonestly breaching his duties as a director of Wickham Securities Limited in the months between November 2009 and October 2010.

Wickham Securities collapsed owing more than $27 million to approximately 300 clients, according to documents from the Australian Securities and Investments Commission.

It was placed into administration in December 2012 and liquidation in February 2013, with Grant Sparks and David Leigh of PPB Advisory appointed as liquidators.

The 60-year-old was listed as the chairman of Wickham Securities and the principal of Sherwin Financial Planners Pty Ltd at the time of the companies' collapse.

Last month, Mr Phelps, the star of Australian TV shows such as Stingers and Rescue: Special Ops and Wonderland took to his Facebook account to vent about the loss of more than $400,000 of his future savings.